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AIG
AIG
"We are confident in our marks and the reasonableness of our valuation methods. We have a high degree of certainty in what we have booked to date." -- CEO Martin Sullivan, Dec. 5, 2007

Outside auditors had warned Sullivan a week earlier of possible "material weaknesses" in AIG Financial Product's accounting.

Time to Armageddon: Nine months

NEXT: Bear Stearns hedge funds
Last updated January 06 2009: 12:16 PM ET
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Wall Street: It's payback time
Wall Street: It's payback time
An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes. The question for the courts will be, Who was just foolish with our money - and who was lying, cheating, and stealing? More
Three days that shook the world
Three days that shook the world
Exactly three months ago, the collapse of Lehman triggered a global financial panic. Fortune examines what happened in the 72 hours when the world's most powerful bankers met to try to save Lehman and wound up changing the face of Wall Street forever. More
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